The Outstanding Payments by Contact metric in Xero shows the total amount of unpaid invoices and bills for each contact or customer, which can help businesses manage their cash flow and prioritize collection efforts.
With Databox you can track all your metrics from various data sources in one place.
Used to show comparisons between values.
Databox is a business analytics software that allows you to track and visualize your most important metrics from any data source in one centralized platform.
To track Outstanding Payments by Contact using Databox, follow these steps:
Databox fetches data for all the contacts and checks each contact’s Accounts Receivable balance. Only data for accounts for which the balance is not equal to 0 will then be displayed.
When using Xero metric ‘Outstanding Payments by Contact’ in Databox, all contacts without their currency returned via API will have the default currency displayed in Databox, even though their actual currency (seen in Xero) could be different. This is due to Xero’s API limitations that do not support currency conversions.
The same limitation applies to the Xero metric ‘Overdue Payments by Contact’.
Closing balance is the amount remaining in a Xero account at the end of a period and is calculated by subtracting total expenses and withdrawals from total deposits and income.
Total Liabilities is a financial metric that shows the total amount of obligations owed by a business to creditors and other parties, including loans, accounts payable, and accrued expenses.
The Current Non-liabilities by Liability metric is a ratio that compares a company's short-term assets that aren't liabilities to its short-term liabilities.
The Draft Invoices metric in Xero refers to the number of invoices that have been created but not yet finalized. It measures the efficiency of the invoicing process and helps ensure that all invoices are accurately and promptly sent to clients for payment.
The Overdue Payments metric in Xero tracks the total amount of unpaid invoices that are past their due date, giving businesses insight into their outstanding receivables.
Overdue Payments Amount refers to the total outstanding payments owed to your business from customers that are past their due date, as tracked in Xero, providing visibility into your current cash flow situation.
Current Assets to Liabilities metric compares the amount of short-term resources available to a company to meet its current obligations. It is a measure of liquidity and financial health.
The Quotes Declined metric measures the number or percentage of quotes that were rejected or turned down by potential customers.